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Thursday, November 1, 2012

McClendon's Awful 2008 Call On Natural Gas Prices

We think gas prices will stay in this $9 to $11 range, there'll be times like in July when they're above it, there'll be times when they're below it and of course the weather will matter a lot as well. But we're pretty confident that much below $9 you'd see a drop off in drilling activity particularly among the conventional drilling and then those pretty aggressive 35% to 40% first year declines are going to kick in and rebalance the market.

Link to the full article: http://seekingalpha.com/article/969241-don-t-look-to-chesapeake-energy-for-your-predictions-on-natural-gas-prices

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